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    100-250 Cochrane Plz Morgan Hill, CA 95037
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    100-250 Cochrane Plz Morgan Hill, CA 95037

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    • Neighborhood centers
    • 250,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 100-250 Cochrane Plz

    Property size
    250,000 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Cochrane Plaza, located at 100-250 Cochrane Plaza in Morgan Hill, CA 95037, presents a compelling investment opportunity in a thriving Santa Clara County community. This 250,000 square foot community shopping center offers multiple retail spaces, with a minimum divisible space of 1,073 square feet and a maximum contiguous space of 3,042 square feet. Currently, 36,037 square feet of retail space is available for lease. The center boasts a strong tenant mix, anchored by major retailers including Walmart, Big 5 Sporting Goods, Hobby Lobby, and Consignment Living, ensuring high foot traffic and visibility. The property features ample parking, with a ratio of 4.5 spaces per 1,000 square feet, providing convenient access for shoppers and employees. Its strategic location offers easy access to Highway 101, enhancing accessibility for both customers and employees. Recent improvements include an updated facade and landscaping enhancements, further enhancing the property's curb appeal and overall attractiveness. This is an exceptional opportunity to acquire a well-positioned retail property in a high-growth area. The property is classified as a strip center with multiple tenancies.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Morgan Hill
    County
    Santa Clara
    State
    California
    Longitude
    -121.583
    Latitude
    37.2188

    Comparable in this City

    • Value Estimation
      $2,645,000
      22,385 SF

      755 Cochrane Rd

      SHOPPING CENTER, STRIP CENTER • 22,385 SF
      755 Cochrane Rd, Morgan Hill, CA 95037-8114
      View Details
    • Value Estimation
      $805,000
      4,376 SF

      16905 Monterey St

      SHOPPING CENTER, STRIP CENTER • 4,376 SF
      16905 Monterey St, Morgan Hill, CA 95037-5134
      View Details
    • Value Estimation by Request
      950 SF

      500 Vineyard Town Ctr

      SHOPPING CENTER, STRIP CENTER • 950 SF
      500 Vineyard Town Ctr, Morgan Hill, CA 95037-5630
      View Details
    • Value Estimation
      $575,000
      604 SF

      201 10th Sta

      SHOPPING CENTER, STRIP CENTER • 604 SF
      201 10th Sta, Morgan Hill, CA 95037-5462
      View Details
    • Value Estimation
      $1,260,000
      9,900 SF

      16060 Monterey St

      SHOPPING CENTER, STRIP CENTER • 9,900 SF
      16060 Monterey St, Morgan Hill, CA 95037-7128
      View Details
    • Value Estimation
      $2,020,000
      16,600 SF

      16000 Monterey St

      SHOPPING CENTER, STRIP CENTER • 16,600 SF
      16000 Monterey St, Morgan Hill, CA 95037-5404
      View Details

    Similar Nearby for Sale

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      6,450 SF

      Mixed-Use Commercial Property For Sale

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      16795 Monterey Rd, Morgan Hill, CA 95037
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      Mixed-Use Development Opportunity

      Mixed-use development with residential and commercial potential.
      18060 Monterey Rd, Morgan Hill, CA 95037
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      Mixed-Use Development Opportunity

      Mixed-use development with residential and commercial potential.
      18060 Monterey Rd, Morgan Hill, CA 95037
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    • $1,195,000
      2,720 SF

      Automotive Property For Sale

      Automotive property featuring three grade level doors, leased until 2025.
      16120 Monterey St, Morgan Hill, CA 95037
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    • $8,346,116
      3,615 SF

      BlueWave Express Car Wash

      Express car wash property for sale.
      18625 Monterey Rd, Morgan Hill, CA 95037
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    • $3,250,000
      38,400 SF

      Mixed-Use Development Opportunity

      Development site with mixed-use potential in Morgan Hill, CA.
      18060 Monterey Rd, Morgan Hill, CA 95037
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    Similar Nearby for Lease

    • Contact for pricing
      10,200 SF

      Community Shopping Center Anchor Space

      Anchor space available in a community shopping center.
      126 Cochrane Rd, Morgan Hill, CA 95037
      View Details
    • Contact for pricing
      5,000 SF

      Community Shopping Center Retail Space

      Retail space available in community shopping center anchored by Walmart.
      200 Cochrane Plz, Morgan Hill, CA 95037
      View Details
    • Contact for pricing
      945 SF

      Neighborhood Shopping Center Space Available

      90,000 SF shopping center with in-line units for rent.
      16965-16985 Monterey St, Morgan Hill, CA 95037
      View Details
    • $2,550 /Mo
      21,500 SF

      Retail Spaces in Candy Park

      Prime commercial spaces available in high-traffic Morgan Hill shopping center.
      Monterey St, Morgan Hill, CA 95037
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space near Highway 101

      Retail space with highway frontage and development opportunities in Morgan Hill.
      1057 Cochrane Rd, Morgan Hill, CA 95037
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space Near Highway 101

      Retail space with highway frontage and development opportunities in Morgan Hill.
      1041 Cochrane Rd, Morgan Hill, CA 95037
      View Details
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    100-250 Cochrane Plz
    Morgan Hill, CA 95037
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    100-250 Cochrane Plz, Morgan Hill, CA, 95037
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